ChainCatcher news, according to GMGN data, the tokens in the DeSci sector have generally declined, including:$RIF market cap currently reported at 53.9 million USD, 24-hour decline of 14%;URO market cap currently reported at 57.7 million USD, 24-hour decline of 24%;DRUGS market cap currently reported at 32.7 million USD, 24-hour decline of 37.8%.

ChainCatcher news, according to data from RootData, the Big Pharmai token (DRUGS) has increased by 147.02% in the last 24 hours, currently priced at $0.036.According to the Web3 asset data platform RootData, Big Pharmai is a medical and pharmaceutical meme coin with the vision of disrupting "Big Pharma," which refers to the large pharmaceutical companies that have significant influence and market share globally.

ChainCatcher news, according to GMGN market data, the DeSci project token Big Pharmai (DRUGS) has a market capitalization exceeding 40 million USD, with a nearly 1-hour increase of 22.99%.Previous news, BIO Protocol co-founder and CEO Paul Kohlhaas stated on social media that in addition to launching on Ethereum, the BIO token will also be launched on Solana in a few days. Meanwhile, Paul Kohlhaas also mentioned that he would propose airdrops to communities such as Big Pharmai (DRUGS).

ChainCatcher news, according to DEX Screener data, the DeSci project Big Pharmai has a market capitalization exceeding 50 million dollars, with its token DRUGS currently priced at 0.04610 dollars.It is reported that Big Pharmai launched the DRUGS token on December 14 on daos.fun, aiming to disrupt large pharmaceutical companies and hoping to become the S&P500 index in the DeSci field. Pump Science has also tweeted support for this project, but emphasized that DRUGS is not a token of the Pump Science platform.

ChainCatcher news, according to Jinshi reports, Federal Reserve's Kashkari stated that very few transactions occur in cryptocurrencies unless they are related to drugs or illegal activities.

ChainCatcher news, according to Bitcoin.com, a federal jury in Salt Lake City, USA, has found Oluwole Adegboruwa and Enrique Isong guilty of multiple drug-related charges. From 2016 to 2019, they generated over $8 million in cryptocurrency, including Bitcoin and Ethereum. Adegboruwa operated under the names "King Odua" and "Alagbada726," converting cryptocurrency into traditional currency.It is reported that sentencing is scheduled for August. The jury also ordered the forfeiture of Adegboruwa's $380,396 in cash, a 2017 Dodge Charger, 26 checks totaling $9,400, and over $15 million in cryptocurrency.

ChainCatcher news, according to CoinDesk, U.S. authorities recently arrested a Taiwanese man, Rui-Siang Lin, accusing him of operating a dark web drug market called "Incognito Market" and facilitating over $100 million in illegal drug sales through cryptocurrency. Prosecutors revealed that Rui-Siang Lin, using the alias "Pharoah," oversaw all operational activities of the market from its establishment in October 2020 until its closure in March this year. "Incognito Market" had its own "banking" system, allowing users to conduct anonymous transactions through cryptocurrency, further increasing the obscurity of the trades. Rui-Siang Lin began creating and operating the market during his university years.Rui-Siang Lin was arrested on Saturday at New York's Kennedy Airport and is scheduled to appear today before a judge in the Southern District of New York (SDNY). He faces a charge of continuing to participate in a criminal enterprise, a drug conspiracy charge, a money laundering charge, and a conspiracy charge for selling counterfeit and fake drugs.

ChainCatcher news, on the eve of "June 26 International Day Against Drug Abuse," the Shanghai police disclosed a case this year involving a gang engaged in the trafficking of new types of drugs and the cultivation, processing, and sale of marijuana. Drug users and traffickers contacted each other through overseas social media, with traffickers preemptively "burying packages" to hide the goods. Drug users then retrieved the items by following the provided instructions and paid using virtual currency.Li, the head of the Narcotics Control Division of the Shanghai Public Security Bureau, stated that the police are relying on increasingly advanced online investigation technologies and innovating a multi-agency collaboration model. Some drug traffickers set up multiple intermediary links to both conceal the truth of the transactions and increase the difficulty for the police in tracing the drug funds. The method used in this case, where drug payments are made using virtual currency, has also become a new trend in the circulation of drug funds. (source link)

ChainCatcher news, Web3 drug discovery startup Druglike announced the completion of a $3 million funding round, but has not yet disclosed the details of the investors.The company was founded by pharmaceutical mogul Martin Shkreli, who was sentenced to seven years in prison for securities fraud. He stated that Druglike is not a pharmaceutical company but a blockchain/Web3 software company made up of bytes, bits, variables, and GitHub. Users can access its drug discovery platform for free without paying licensing fees, only needing to pay for the cloud computing power required to run the program, which currently supports ETH, stablecoin USDC, and Druglike's exclusive token MSI.It is reported that Druglike is also working on building a distributed network for personal trading computation that anyone can participate in, similar to Bitcoin mining, although its platform is currently supported by AWS. (Source link)